David J Yvars Group Takes $1.87 Million Position in Bloom Energy Corporation $BE

David J Yvars Group bought a new position in shares of Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,132 shares of the company’s stock, valued at approximately $1,872,000. Bloom Energy accounts for approximately 1.0% of David J Yvars Group’s portfolio, making the stock its 19th biggest holding.

A number of other institutional investors have also made changes to their positions in the business. Bayforest Capital Ltd acquired a new stake in Bloom Energy during the 1st quarter valued at $2,055,000. AQR Capital Management LLC bought a new position in shares of Bloom Energy in the first quarter valued at about $1,820,000. NewEdge Advisors LLC raised its position in shares of Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after purchasing an additional 1,626 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after buying an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth boosted its holdings in shares of Bloom Energy by 30.7% during the 1st quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after buying an additional 4,716 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Bloom Energy

In other news, Director Mary K. Bush sold 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $142.82, for a total value of $5,141,520.00. Following the completion of the transaction, the director directly owned 133,524 shares in the company, valued at approximately $19,069,897.68. The trade was a 21.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 4,543 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $109.13, for a total transaction of $495,777.59. Following the sale, the insider directly owned 219,818 shares of the company’s stock, valued at approximately $23,988,738.34. This trade represents a 2.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 120,410 shares of company stock worth $16,557,185. Corporate insiders own 3.50% of the company’s stock.

Bloom Energy Price Performance

Bloom Energy stock opened at $140.01 on Wednesday. The firm has a market cap of $33.11 billion, a PE ratio of 760.39, a price-to-earnings-growth ratio of 11.53 and a beta of 3.01. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88. The stock’s fifty day moving average price is $105.45 and its two-hundred day moving average price is $77.63. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $147.86.

Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.07. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.The company had revenue of $519.05 million for the quarter, compared to analyst estimates of $425.18 million. During the same period in the prior year, the firm posted ($0.01) EPS. Bloom Energy’s quarterly revenue was up 57.1% on a year-over-year basis. As a group, research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BE has been the topic of several research analyst reports. Cowen reissued a “hold” rating on shares of Bloom Energy in a report on Wednesday, October 29th. Mizuho set a $89.00 target price on Bloom Energy in a research report on Wednesday, October 29th. Roth Capital reiterated a “neutral” rating and set a $103.00 target price on shares of Bloom Energy in a research note on Wednesday, October 29th. UBS Group lifted their price target on Bloom Energy to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company upped their price objective on Bloom Energy to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $96.00.

Bloom Energy Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.